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STOCKHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 4 – STOCKHOLDERS’ EQUITY

  

For the three months ended March 31, 2019 and 2018 the Company expensed $0 and $8,376 relative to restricted stock units. 

  

During the three months ended March 31, 2019, the Company granted a total of 960,000 restricted stock awards to four directors of the Company, for their services vesting quarterly over a one-year period. On February 27, 2019 three persons resigned as members of the Company’s Board of Directors, effective March 1, 2019.

  

This resulted in a cancellation of 320,000 shares related to the portion of the unvested restricted stock awards the retired directors had received.

  

The Company expensed $48,182 and $42,914 in related to restricted stock awards for the three months ended March 31, 2019 and 2018, respectively. Additionally, the Company corrected the vesting schedule relating to restricted stock awards awarded to the Company’s attorney, resulting in a credit of $82,808 for the three months ended March 31, 2019.